Reply to America is in an economic tailspin. Why does life feel so normal?

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[quote=Anonymous][quote=Anonymous]We are not in an economic disaster. Stocks are at all time highs, housing market remains very robust, this is the biggest year for boat sales in history, and you can’t get a pool installed for like a year because there is such a backlog. Nearly every neighbor I’ve spoken to is looking at a second home purchase or trying to decide what to do with extra disposable income from no vacations.

Sure, you can say a lot of those metrics are for the “wealthy” but they also translate to jobs and tax revenue. This is not remotely like the Depression.

That said, we could absolutely get there. The $$ printing press has to slow down at some point. And setting that aside if we start to see massive credit defaults in the next 6 months, who knows what that does to the banks and then the larger economy. So I personally am not going on any spending spree just yet. But let’s not pretend this is the 1930s based on your anonymous anecdote about the relative length of the line at a neighborhood food kitchen. [/quote]

Youre right. It is so much worse than that.

How about facts?
https://www.cnn.com/2020/07/30/economy/us-economy-2020-second-quarter/index.html
[/quote]

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